With the development of the market land relations in Ukraine, the role of the expert valuation of the monetary land is constantly growing, so - as without information about the value of the land can not be successful conduct of transactions with land plots. You definitely want to make economically sound decisions and want to have objective information about the cost of interest of land. Therefore, assessment of land becomes a necessity.
So, you should:
- Buy or sell land on the most favorable conditions for YOU;
- Have reliable data on the real value of the land when you make it to the authorized capital of enterprises, transfer of mortgage, rent, insurance, etc.;
- Take the best, economically sound management decisions to select the strategy of the transaction;
- Determine the value of land in the reorganization, bankruptcy or liquidation of the enterprise;
- Get a lucrative loan from a bank on security of land;
- Privatize the land;
- Determine the value of land or the right to use it in accounting;
- Reduce the level of financial risk in lending;
- Determine the amount of damage as a result of your breach of property rights;
- Obtain documentary evidence (Appraisal Report of land), which will be valid as at the stage of transaction, and in the judicial proceedings
Land valuation involves determining the market value of land, or the market value of the right to lease land. The market value of land, primarily depends on its location and the influence of external factors, as well as the demand for and supply of land and can not exceed the likely costs of the acquisition of a plot of equivalent value. Land valuation takes into account the quantity and quality of communications and the possibility of acceding to the existing networks, if on land planned real estate development. An important factor in determining the market value of land subject to the building site improvements, are the data of geological engineering and engineering and geodetic surveys to determine the composition, condition and soil properties and data on the situation and terrain, necessary for forecasting the possible construction and the costs associated with construction.
Determining the market value of the right to lease, depends on the rights of the lessee, the term of the law burdens the right to lease, the rights of other persons on the estimated object and purpose (permitted uses) of land.
Methods of evaluation land
Evaluation of land is a challenge. In accordance with the Law of Ukraine «On the assessment of property, property rights and vocational assessment activities in Ukraine», the Law of Ukraine «On the assessment of land» and method for expert evaluation of the monetary land, the assessment of land will involve the following approaches: return (capitalization of net income from the use of land land), comparative (comparing the cost of sales of such land), approach the balance of the land (taking into account the cost of land improvement). Each of these approaches has its own characteristics and peculiarities of their use.
In valuation the comparative land (market) method is the most attractive, since most focused on market conditions. The difficulty of its use, however, is the lack of land market development, as well as insufficiently developed (existing) amendments affecting the cost, when comparing the existing sales and the absence of quantitative values of the correction factors.
The income approach is used when the plot makes a profit from business activities or from the date of its lease separately from the buildings and structures, ie the cost of land reflects its ability to be profitable in the future. The approach of the balance of land uses in the evaluation of improved land. Determining the cost of land, in this case, carried out on the basis of the market value of these improvements, provided the most efficient use of land.
Information required for carrying out work to valuation the land:
More about documents for valuation land...
- Entitlement to land (state act on the ground);
- Cadastral plan of land;
The cost of the appraisal of land shall be specified in each case
RENTA GROUP company evaluate the land on the basis of Certificate of State Property Fund of Ukraine. Experts of our company have many years practical experience land valuation.
Valuation land is carried out in accordance with procedures as determined by the current legislation of Ukraine, based contract with the customer. The results of the work is made appraisal report of the land, having full legal force to the participants in the transaction and the users of the report.